Howard Marks Says AI’s Promise May Be Understated as Investment Returns Remain Unclear

Howard Marks says artificial intelligence could reshape business, but investors may need about a decade to learn whether profits from its infrastructure buildout will justify the money being spent. The Oaktree Capital Management co-founder and co-chairman has described AI as a real technology already in broad use. In a Feb. 26, 2026, memo, he wrote that its promise was more likely to be underestimated than exaggerated. That assessment concerns the technology’s potential; it does not establish that investors are paying reasonable prices for AI-related assets.

Source: TokenPost